MAHIEU CONSULT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAHIEU CONSULT
Largest movements
- Receivables within one year +€6,578
up €6,578 (+65.8%), from €10,000 to €16,578
- Tangible fixed assets +€6,076
up €6,076 (+104%), from €5,833 to €11,909
of which Land and buildings: +€5,508
- Cash +€3,511
up €3,511 (+10.3%), from €33,938 to €37,449
mainly Net result for the year (+€14,047) and Depreciation (+€1,769)
- Deferred charges and accrued income -€1,393
down €1,393 (-87.5%), from €1,592 to €199
- Profit (loss) carried forward +€14,047
up €14,047 (+42.3%), from €33,178 to €47,225
- Other debts +€1,266
up €1,266 (+103%), from €1,227 to €2,493
- Gross operating margin -€12,704
down €12,704 (-28.2%), from €44,997 to €32,293
- Other operating charges +€8,774
up €8,774 (+2,904%), from €302 to €9,076
- Taxes -€3,815
down €3,815 (-40.9%), from €9,320 to €5,506
- Financial charges +€932
up €932 (+96.8%), from €963 to €1,895
- Depreciation +€535
up €535 (+43.4%), from €1,234 to €1,769
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,364 | €66,285 | +€14,921 | +29.1% |
| Fixed assets | 21/28 | €5,833 | €12,059 | +€6,226 | +107% |
| Tangible fixed assets | 22/27 | €5,833 | €11,909 | +€6,076 | +104% |
| Land and buildings | 22 | - | €5,508 | +€5,508 | |
| Plant, machinery and equipment | 23 | €914 | €493 | -€421 | -46.1% |
| Furniture and vehicles | 24 | €4,919 | €3,759 | -€1,161 | -23.6% |
| Other tangible fixed assets | 26 | - | €2,150 | +€2,150 | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €45,531 | €54,226 | +€8,696 | +19.1% |
| Amounts receivable within one year | 40/41 | €10,000 | €16,578 | +€6,578 | +65.8% |
| Trade receivables | 40 | €10,000 | €16,578 | +€6,578 | +65.8% |
| Cash at bank and in hand | 54/58 | €33,938 | €37,449 | +€3,511 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,592 | €199 | -€1,393 | -87.5% |
| Total equity and liabilities | 10/49 | €51,364 | €66,285 | +€14,921 | +29.1% |
| Equity | 10/15 | €34,178 | €48,225 | +€14,047 | +41.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,178 | €47,225 | +€14,047 | +42.3% |
| Amounts payable | 17/49 | €17,186 | €18,060 | +€874 | +5.1% |
| Amounts payable within one year | 42/48 | €17,186 | €18,060 | +€874 | +5.1% |
| Trade debts | 44 | €414 | - | -€414 | |
| Suppliers | 440/4 | €414 | - | -€414 | |
| Taxes, remuneration and social security | 45 | €15,545 | €15,567 | +€22 | +0.1% |
| Taxes | 450/3 | €15,545 | €15,567 | +€22 | +0.1% |
| Other amounts payable | 47/48 | €1,227 | €2,493 | +€1,266 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234 | €1,769 | +€535 | +43.4% |
| Other operating charges | 640/8 | €302 | €9,076 | +€8,774 | +2,904% |
| Gross operating margin | 9900 | €44,997 | €32,293 | -€12,704 | -28.2% |
| Operating profit (loss) | 9901 | €43,461 | €21,447 | -€22,014 | -50.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €963 | €1,895 | +€932 | +96.8% |
| Recurring financial charges | 65 | €963 | €1,895 | +€932 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €42,498 | €19,552 | -€22,946 | -54.0% |
| Income taxes | 67/77 | €9,320 | €5,506 | -€3,815 | -40.9% |
| Profit (loss) for the period | 9904 | €33,178 | €14,047 | -€19,131 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,178 | €14,047 | -€19,131 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.